Nice big order...
Friday August 27, 8:33 am Eastern Time
Company Press Release
SOURCE: Digital Recorders, Inc.
Digital Recorders Announces New Orders
RESEARCH TRIANGLE PARK, N.C., Aug. 27 /PRNewswire/ -- Digital Recorders, Inc. (Nasdaq: TBUS - news) today announced the award of new orders totaling $2.6 million for its TwinVision LeDot® Destination Sign Systems and Talking Bus® Automatic Voice Annunciation Systems, primarily for year 2000 delivery. Both domestic and international customers are involved.
The domestic order is for use on San Francisco Municipal Railway transit bus vehicles and encompasses the totally automated Global Positioning Satellite message triggering Talking Bus System integrated with the new generation TwinVision® Destination Sign System.
The International order is for TwinVision systems to be installed on transit bus vehicles operated by Trans Island Bus in Singapore. This order was placed through the DRI Transit Media GmbH subsidiary in Germany.
''These two orders are significant for several reasons,'' said David L. Turney, Digital Recorders Chairman and CEO. ''First, they are repeat orders with customers that know our capabilities to deliver advanced technology at competitive prices. They are evidence of our strategic advantage in advancing technology, including the capability to combine and integrate the exterior and interior passenger information systems. Also, they are strategically important multi-million dollar markets for our products where we continue to gain significant market penetration,'' Mr. Turney said.
Digital Recorders develops technologically advanced digital communications systems for transit, transportation applications and digital signal processing equipment for law enforcement applications. The company's transit and transportation systems include TALKING BUS, an on-vehicle internal voice messaging and passenger information system and the TwinVision LeDot Destination Sign System -- a proprietary, electronic external destination sign.
Statements which are not historical facts, including statements about the companies confidence and strategies and its expectations about new and existing products, technologies and opportunities, market and industry segment growth, demand and acceptance of new and existing products are forward looking statements that involve risks and uncertainties. The risks include, but are not limited to, product demand and market acceptance risks; the impact of competitive products and pricing; the effects of economic conditions and trade, legal, social and economic risks, such as import, licensing and trade restrictions; the result of the company's business plan and the impact on the company of its relationship with its lender.
SOURCE: Digital Recorders, Inc. |
